Central Portfolio Control understands the importance of data security and observed World Password Day on Thursday, May 7, 2020. The team at Central Portfolio Control is committed to data privacy and protection and we recognize the importance of passwords and the important role they play as the first line of defense against hackers and potential data leaks. The 2019 Data Breach Investigations Report revealed that 80% of data breaches are due to compromised, weak, and reused passwords. World Password Day was created to raise awareness about the importance of better password habits. To celebrate, we are sharing some helpful password tips to help you update your passwords and protect your digital identity.
1. Never Reuse Passwords
Hackers obtain passwords in a number of ways: a breach, phishing scams, keyloggers, malware, and more. They know that many people are lax with securing their online accounts and reuse passwords for multiple accounts. When hackers obtain a password, they attempt to use it to gain access to additional accounts which can include online banking, health accounts, social media accounts, and more. Reusing passwords can leave an open door to all aspects of your life.
2. Make Complicated Password
For each account you create, use a unique, long, and complicated password. Random password generators can help make this process simple, however, if you choose to create your own password, mix it up by including numbers, symbols, and upper and lower case letters– and never reuse a password. Turn on two-factor authentication as an additional gatekeeper for your critical information.
3. Use a Password Manager
The average person has approximately 90 separate online accounts; remembering dozens of passwords is virtually impossible. Password managers are programs or extensions that can be downloaded to your computer, tablet, and smartphone. They can be a vital tool in your digital security routine by using encryption to store the passwords for all of your online accounts. Many password managers also have a feature that automatically generates complicated passwords the first time you create an online account. The applications use one master password to protect your password vault. Remember, never write down your login information. Instead, consider using a password manager to help to keep important information safe, secure, and private.
4. Proceed with Caution on Shared and Public Computers
Publicly shared computers may be infected with keylogger malware, or people may be able to view your screen as you enter information. Take extra caution and avoid entering sensitive information such as financial account numbers, social security numbers, etc. Make sure you disable the automatic storage of login information, log out of and close open sessions, and clear your cache and browsing history when you are finished.
5. Be Wary of What You Share
More than 3.8 billion people use social media. If you use social media, be sure to update your privacy settings and take extra steps to prevent hackers from gaining not just passwords but also information that can be used to answer password recovery security questions. Take care to know the people you friend, skip the “About Me” section, create strong passwords, utilize two-factor authentications, keep your location private, and remember that social media quizzes can be a trap to learn sensitive information about you.
Central Portfolio Control urges you to take the time to review your password habits and secure your digital identity. For more information about how to stay safe online, please visit the National Cyber Security Alliance website.
About Central Portfolio Control
Founded in 1998, Central Portfolio Control is a full-service and nationally licensed collection agency focused on the recovery of distressed accounts receivable. CPC is a consumer-focused organization that manages accounts on behalf of creditor clients while maintaining the highest ethical and legal standards regarding collection activity. Central Portfolio Control is headquartered in Minnetonka, MN.